Replying to Avatar SwBratcher

US credit cards do it. It’s a temporary offer to get usage or trap you 🤷‍♂️. But I just deploy it from a positive net worth position so it’s easily paid in full at the end of the low percentage period. Each card may be 30-40k but they add up. Mind you, they all started at 2-3k but over the years they end up high limit with responsible usage and asking for a bump in limit every 6 months without letting them do a new credit pull. Always keep your credit frozen.
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Achilles 9mo ago

Very interesting. We don’t have that kind of set up or options in Germany.

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serenitys forge 9mo ago

We get a lot of cards offering 0% on balance transfers for 12-18 months here in the UK.

The scam part is the transfer fee. Most people paying off the minimum payment spend the 12 months just paying off the transfer fee.

I have £5,000 in CC debt, and its time to transfer again. I pay 2x the minimum payment plus the transfer fee divided by the time period of the offer. The last time i did this i was paying £125 a month.

Gets the capital paid off quick which lowers the transfer fee so when i do this agin that fee will be lower. So more of the £125 goes to the capital.

You got to play the gane to your advantage 😂